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Global Neuronavigation Systems Market - Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024
Global Neuronavigation Systems Market
Global neuronavigation systems market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Neuronavigation Systems Market
Neuronavigation systems are innovative techniques that are developed for image-guided neurosurgery to aid in the accurate resection of brain tumors. Neuronavigation provides intraoperative orientation to the surgeons and helps in planning a precise surgical approach to the targeted lesion. The sensitive areas of the brain during surgery can be avoided by incorporating the functional data provided by functional MRI and magnetoencephalography (MEG) with neuronavigation. The basic principles of navigated surgery is to see the tip of a pointer in an image space. There must be a relationship between the device space and the image space that has to be established. Thus these systems help surgeons in constructing an accurate approach towards the targeted lesion by providing a proper outline of the surrounding neurovascular structures.
Market Dynamics: Neuronavigation Systems Market
The increasing prevalence of the neurological disorders associated with brain and spine, and other neurovascular disorders are driving the neuronavigation systems market. The availability of the neuronavigation systems helps in minimizing the size of the skull opening required for safe removal of brain tumors during the surgery which is helping the patient in fast recovery and increasing the adoption of this procedure. The improved results of the surgery is helping in raising the demand for these systems. However, the high cost associated with the surgeries and side effects associated with the brain surgical procedures may hamper growth of neuronavigation system market.
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Market Scope: Neuronavigation Systems Market
Neuronavigation systems market is segmented based on the type, application and end user
Based on the test type, the market is segmented into the following:
• Optical System
• Electromagnetic System
Based on the application, the market is segmented into the following:
• Neurosurgery
• Spinal Surgery
• Maxillofacial Surgery
• ENT Surgery
Based on the end user, the market is segmented into the following:
• Hospitals
• Neurology Centers
• Others
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Regional Analysis: Neuronavigation Systems Market
Geographically, global neuronavigation systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominates the global neuronavigation systems market due to increase in neurological disorders. The major factors responsible for the dominance of North America are its higher adoption of technologically advanced products, its deep-rooted health care infrastructure. Followed by the North America are the regions of Europe and Asia Pacific. The growing medical tourism industry in this region and growing healthcare expenditure in these regions are driving the market growth.
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Competition Assessment: Neuronavigation Systems Market
Some of the players in the global neuronavigation systems market include:
• Heal Force (China)
• Scopis (Germany)
• Atracsys (Switzerland)
• NDIgital (Canada)
• Surgical Theater (USA)
• Micromar (Brazil)
• Shenzhen Anke High-Tech (China)
• Synaptive Medical (Canada)
• ClaroNav (Canada)
• Parseh Intelligent Surgical System (Iran)
• Stryker Acute Care (USA)
• Brainlab (Germany)
Notable Market Developments: Neuronavigation Systems Market
In September 2016, Surgical Theater and Nordic Neuro Lab announce partnership to deliver next generation virtual reality & diffusion tensor imaging technology to neurosurgeons and patients
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